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Thursday, May 20th, 2010 at 11:30 am  |  10 responses

Detroit Pistons Still Searching for a Buyer

The current owner, Karen Davidson, tells the Free Press that her search for someone to take the Pistons off her hands continues: “Pistons owner Karen Davidson said Wednesday that the team was definitely for sale. “We’re looking for a buyer,” she told the Free Press at a Pistons charity event in Detroit. That is a slight change from Davidson’s initial position, revealed in late January, that she was exploring a possible sale. Davidson assumed control of the franchise after the March 13, 2009, death of her husband, Bill. Last month, the Free Press reported that Citigroup had been retained to assess the value of the Pistons — which Forbes recently placed at $479 million, fourth-highest in the NBA — and probably would broker a sale. The NBA is committed to keeping the franchise in Detroit. NBA owners must approve any sale in the 30-team league.”

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  • http://www.slamonline.com wayno

    Hopefully a rich Russian guy buys them…

  • barnabusb

    I wish I could buy them.

  • barnabusb

    Anyone want to chip in? Maybe pool our change?

  • http://Sonicsgate.org BringbacktheSonics

    Steve Ballmer please buy them and bring em to Seattle!

  • http://www.triplejunearthed.com/dacre Dacre

    Looking for a buyer? Karen, how about you go looking for players first? Successful teams tend to be worth more…

  • http://slamonline.com Jacob J

    @ Bringbackthesonics. Im sorry but we love our Pistons as much as your Sonics. Anyways, I hope the new owner is going to keep th Pistons in the Palace of Auburn Hills instead of downtown Detroit because the Palace has so many memories of the Pistons and Bill Davidson built the whole arena with his own money. I also like that it has no sponsors name on it, I like just the plain Palace of Auburn Hills too.

  • shu

    @Jacob J: Pistons are loved, but the city has no control over what the new owners want to do, seattle folks know this. The key is to have the team be sold to a fellow Detroiter/Michigander who understands the history and the value within the city instead of just the $$$. Mike Ilich was interested a little while ago, and wanted Wings/Pistons to move into a new downtown arena. Forgot how he was going to have that paid for… I am prayin the Palace doesn’t end up like the silverdome now, just a sad site to look at. worthless and pretty useless, that no one wants to use it or tear it down. :-(

  • Cool Dude

    Eminem, 50 cent, and dre should all chip in and buy the Pistons.

  • http://www.slamonline.com wayno

    Kid Rock could buy em…hahahaha…stupid…

  • Pingback: SLAM ONLINE | » Pistons to Be Sold for Below Market Value?

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